Form 4: Cabot Corp Executive Karen A. Kalita Reports Acquisition of Phantom Stock Units

Karen A. Kalita, SVP and General Counsel of Cabot Corporation, reports acquiring phantom stock units through the company's Supplemental 401(k) Plan.

Summary

• On March 8, 2024, Karen A. Kalita, SVP and General Counsel of Cabot Corporation, acquired 15.3467 phantom stock units.
• These units were acquired under the Corporation's Supplemental 401(k) Plan and represent dividends paid on existing phantom stock units.
• The price of the underlying common stock was $87.11.
• Following the transaction, Kalita directly owns 3,357.4715 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects continued executive participation in the company's compensation plan and investment in the company's future.

Positives

• The acquisition of phantom stock units reflects continued participation in the company's Supplemental 401(k) Plan.
• The acquisition of phantom stock units reflects continued investment in the company's future.

Future Outlook

The phantom stock units are to be settled upon the reporting person's retirement or other termination of employment.

Industry Context

This is a routine Form 4 filing, disclosing an insider's acquisition of phantom stock units, which is a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves phantom stock units granted as part of an executive compensation plan.

Key Dates